One of the oldest decentralized physical infrastructure network projects, Xyo has announced the launch of its own Layer 1 blockchain public beta.
XYO is moving from the previously operating Ethereum (ETH) Layer 2 ecosystem to a dedicated Layer 1 blockchain designed to improve the network’s ability to process large amounts of real-time data with high throughput and low latency.
Xyo’s new Layer 1 blockchain introduces a new consensus mechanism called Proof of Perfect. With this system, distributed nodes definitively identify the correct chain, adding blocks to chain hints that are algorithmically ranked based on “perfection” and assessing the effectiveness, modernity, and protocol alignment of each chip. This method eliminates the need to handle a complete chain history and improves efficiency without relying on an energy-intensive consensus model.
This is enabled by a lookback window mechanism that restricts active memory for each node to recent transactions, and archives old data for future access.
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Dual token architecture using XL1
Xyo has also announced the new utility token XL1. The original XYO token will continue to provide governance and staking capabilities, while XL1 handles the network’s operational needs, including transaction and smart contract execution, priority costs, basic compensation for active network participants and payment of gas fees.
This structure aims to balance long-term governance with real-time operational efficiency, providing tailored incentives for both token holders and active network participants.
“By separating governance from transactional utilities and designing incentives to promote both performance and security, this next-generation token model lays the foundation for a truly scalable, distributed infrastructure network optimized for the next wave of depin innovation,” the company said in a press release.
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